EQT Corporation (EQT)

Quick ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash	US$ in thousands	202,093	80,977	1,458,640	113,963	18,210
Short-term investments	US$ in thousands	—	—	—	—	203,380
Receivables	US$ in thousands	1,229,990	915,109	1,608,090	1,438,030	566,552
Total current liabilities	US$ in thousands	2,461,550	2,036,840	3,732,220	5,186,240	1,762,410
Quick ratio		0.58	0.49	0.82	0.30	0.45

December 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($202,093K + $—K + $1,229,990K) ÷ $2,461,550K
= 0.58

The quick ratio of EQT Corporation has shown fluctuations over the years. It was 0.45 as of December 31, 2020, indicating that the company had $0.45 of highly liquid assets for every $1 of current liabilities. The ratio decreased to 0.30 by December 31, 2021, suggesting a potential liquidity strain. However, by December 31, 2022, the quick ratio improved significantly to 0.82, showing the company had strengthened its ability to cover short-term obligations.

In the following years, the quick ratio decreased slightly to 0.49 by December 31, 2023, but then increased to 0.58 by December 31, 2024. Overall, the varying quick ratio figures indicate that EQT Corporation has experienced fluctuations in its liquidity position over the years, with notable improvements seen in 2022. It is crucial for the company to maintain a healthy quick ratio to ensure its ability to meet short-term financial obligations effectively.